How to do your Alpaca Wallet taxes with Koinly
Alpaca Wallet is a non-custodial wallet that supports ERC-20 tokens. But if you've got transactions, you may have a tax bill. Don't worry, Koinly can help. Here's how.
Follow these steps to sync your Alpaca Wallet data automatically to Koinly:
- Open your Alpaca Wallet wallet app
- Copy the public address for every coin that you have on it (even the ones with a zero balance)
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Alpaca Wallet in the list
- Select API > Paste the public address/key you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Alpaca Wallet?
Alpaca Wallet is a cryptocurrency wallet service provided by Alpaca, enabling users to securely deposit and withdraw Bitcoin, Ethereum, and all ERC-20 tokens. It offers features such as address whitelisting for enhanced security and responsible private key management, ensuring that customer assets are safeguarded with procedures akin to those upheld by securities broker-dealers.
Is Alpaca Wallet safe?
Alpaca Wallet is generally considered safe thanks to robust security measures such as address whitelisting, which ensures withdrawals are sent only to pre-approved addresses, minimizing unauthorized access risks. The wallet also follows stringent security practices comparable to those used by securities broker-dealers, ensuring the secure management of digital assets. As ever though, your crypto is only as secure as you are so you should always follow best security practices to keep your crypto safe.
Does Alpaca Wallet provide tax documents?
No, but you can use a crypto tax calculator like Koinly to do it for you, just add your Alpaca Wallet address and Koinly imports your transaction data and does the rest.
